In an all cash deal the Vendor (buyer) will purchase all shares of the Target (seller) for cash and cancel those shares. A substantial amount of the cash will b

In an all cash deal the Vendor (buyer) will purchase all shares of the Target (seller) for cash and cancel those shares. A substantial amount of the cash will be held back in escrow subject to a number of clauses and released at a future date. This will protect the buyer against misrepresentations. There are often also targets that have to be met to achieve the full purchase price but not always disclosed